숏

NEM: Shorting the top

업데이트됨

Let's see if we catch this top here. Looking for a retest of the KEL below.
Stop loss at 41.39, and risking a small amount (0.5-1%) is fine.
Gold futures and spot look ready to move down and NEM is extremely overbought here.
You can also take a pair trade against GLD, other miners, etc. I'll share a few example setups in the comments.

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

노트

s3.amazonaws.com/tradingview/snapshots/c/cur4pUMx.png
Check out how GLD often leads NEM. The spread was getting too big here, and NEM had an 'engulfing candle' which didn't have any follow through as well...

노트

Excellent progress.

매매 수동청산

It seems like gold could rally for new highs, specially if the market crashes (it seems that is possible)